The state Board of Regents will decide whether to impose a surcharge of $100 per full-time student at the three state universities at its Oct. 29 meeting in Cedar Falls.
The regents will also discuss a 6 percent tuition hike for the next school year. Institution leaders, including UI President Sally Mason, are set to present plans on how they hope to trim roughly $60 million from the schools’ budgets, according to documents released today. The UI has been asked to trim $24.7 million. The budget reduction plans won’t be public until the meeting.
The surcharge — which would affect all students at the UI, Iowa State University, and the University of Northern Iowa and would be prorated for part-time students — would draw in about $5.7 million for the regents, or 10 percent of what they’ve been directed to cut in response to Gov. Chet Culver’s recent 10 percent across-the-board reductions. Students eligible for financial aid could see more help for the surcharge, if eligible.
Regents will also discuss the tuition increases next week, but won’t hold a final vote on those increase until their December meeting. On top of a 6 percent increase in tuition at the UI, the board is considering raising mandatory fees by 23.7 percent. That equates to an 8.7 percent total increase for in-state undergrads and a 6.8 percent total jump for out-of-state students.
Check Monday’s Daily Iowan for more on the proposed increases.
